All interview questions

Bain interview questions

Consulting

8 questions reported in Bain interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.

Questions

8

Easy · Medium

0 · 3

Hard

5

Model builds

0

Built in the spreadsheet grid

Corporate Strategy

Adjacency analysis, competitive response and where advantage actually comes from. 3 questions

Anticipating the Competitive Response

Hard

The step most strategy analyses skip, and the one that determines the outcome.

Your company is considering cutting prices 10% to gain share. How do you assess whether it will work?

Strategic Finance · Corporate Development · ~12 minModel answer & graded attempt

Assessing an Adjacency

Hard

The core corporate strategy question, and it appears in case form.

Your company wants to enter an adjacent market. How do you assess whether you have a right to win?

Strategic Finance · Corporate Development · ~12 minModel answer & graded attempt

Deciding What to Divest

Hard

Corporate strategy interviews use this as the counterpart to the acquisition question.

A diversified company asks you to review its portfolio and recommend divestments. What framework do you use?

Capital Allocation · Corporate Development · ~13 minModel answer & graded attempt

Mergers & Acquisitions

Merger models, accretion/dilution, purchase accounting and deal judgement. 2 questions

Cost vs. Revenue Synergies

Medium

Asked to test commercial judgement, not modeling ability.

Distinguish cost from revenue synergies. Which do you trust more and why? How should synergies affect the price a buyer is willing to pay?

M&A · Investment Banking · ~9 minModel answer & graded attempt

Putting a Value on Synergies

Hard

The analysis that justifies. Or fails to justify. A control premium.

An acquirer expects $80m of annual run-rate cost synergies, phased over three years, with $120m of one-time costs to achieve. How much are the synergies worth, and how much of that should show up in…

M&A · Investment Banking · ~12 minModel answer & graded attempt

Equity Portfolio Management

Business quality, position sizing, benchmark risk and turnover discipline. 1 question

Sizing a Market from First Principles

Medium

Common in research and growth investing interviews. Assume no internet access.

Estimate the annual revenue of the US coffee shop market. Show your reasoning, then tell me which assumption your answer is most sensitive to.

Market Research · Asset Management · ~9 minModel answer & graded attempt

FP&A

Driver-based forecasts, variance analysis and forecast accuracy. 1 question

Zero-Based vs. Incremental Budgeting

Medium

Common in FP&A and corporate strategy interviews.

Compare zero-based budgeting with incremental budgeting. When would you implement ZBB, and what typically goes wrong?

Budgeting · Corporate Finance · ~9 minModel answer & graded attempt

M&A and Integration

Strategic fit, synergy underwriting, dis-synergies and post-close ownership. 1 question

Planning Post-Merger Integration

Hard

Integration is where acquisitions actually fail, and corp dev interviews probe it directly.

Your company has just signed a deal to acquire a competitor half its size. You have three months to close. What do you do in that window, and what are the first 100 days after?

Deal Analysis · Corporate Development · ~12 minModel answer & graded attempt

Practise the Bain set under interview conditions.

Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.

Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with Bain.